Ethiopia’s Public Enterprises’ Debt on the Rise
The New York and London based Fitch Rating projected Ethiopia’s economic performance for the coming year. Fitch in its report underlined the increasing debt risks from public enterprises.
Ethiopia’s Rapid Urban Growth Raises Concerns Over City Management and Land Use
Ethiopia is experiencing a surge in urbanization, with the number of recognized cities climbing to 2,543, up from fewer than 1,000 just a decade ago, according to new data from the Ministry of Urban and Infrastructure.
Ethiopia’s Revenue from Manufactured Export Commodities Growing
During the previous fiscal year, 2013/2014, Ethiopia managed to earn U.S $ 400 Million from the export of manufactured commodities, Ministry of Industry disclosed.
Ethiopia’s Securities Exchange to Begin Trading Next Week
Ethiopia’s much-anticipated Securities Exchange (ESX) will officially commence trading next week. Following successful pilot transactions, the exchange is now fully operational and poised to transform investment opportunities and economic growth.
Ethiopia’s Special Economic Zones Reach 89% Occupancy
The occupancy rate across Ethiopia’s Special Economic Zones (SEZs) has climbed to 89%, according to the Industrial Parks Development Corporation (IPDC). Zemen Junedi, Deputy CEO of IPDC’s Promotion and Marketing Division, noted that nearly all 13 SEZs are now operational, attracting both local and international investors.
